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New Mexico Educational Retirement Board at its November meeting backed a fund from AE Industrial Partners and a co-investment vehicle from Cloverlay, the system’s Chief Investment Officer, Bob Jacksha, told Buyouts in an email. The system committed $150 million to AE Industrial Aerospace Aggregator fund, which focuses on manufacturing, industrials, business services and transportation in the aerospace industry. […]
Virginia Retirement System backed private equity funds from Veritas Capital and Leonard Green & Partners at its Nov. 13 meeting, according to Jeanne Chenault, the system’s public relations director. The system committed $200 million to Veritas Capital Fund VII, a mega-buyout fund that invests in technology companies that work with government-related and customers. The fund raised […]
Goldman Sachs launched a dedicated middle-market advisory and financing effort earlier this year, pushing into the market for companies—sponsor and non-sponsor backed—with enterprise values of $500 million to $2 billion. Goldman expects more than 100 bankers to work on the middle-market team, called Cross Markets Group. Three senior bankers, David Friedland, Will Bousquette and Rob […]
Despite more emerging managers bringing funds to market, fundraising brought in its third lowest amount of the year. Eleven fund managers raised more than $771 million from Oct. 9 through Oct. 22, according to Buyouts data. Year to date, new managers have raised a combined $45.1 billion, according to Buyouts. BlackFin Capital Partners raked in […]
Frazier Healthcare Partners hired Norwest Equity Partners’ Christina Miller Reszka and promoted two members of the Seattle firm’s investment team, Buyouts has learned. Reszka joined Frazier as a principal within its growth buyout practice, according to a source. Frazier’s second pool of capital focused exclusively on growth buyouts, Frazier Healthcare Growth Buyout Fund IX, raised $780 […]
P2 Energy Solutions, backed by Advent International, is looking for a new owner in a deal that could value the company between $1.3 billion and $1.5 billion, four sources familiar with the company told Buyouts. The sale process is likely to kick off early next year, one of the sources said. William Blair will be […]
Change Healthcare is evaluating strategic options for its Connected Analytics business—which includes staff scheduling software ANSOS—as the healthcare tech giant focuses on growing its core operations, according to three sources familiar with the matter. William Blair is providing financial advice on the process, the people said. Conversations with potential buyers recently began but are in […]
Accel-KKR is looking to sell Energy Services Group (ESG), three sources familiar with the process told Buyouts. The process will kick off in 2020, one of the sources said. ESG, based out of Norwell, Massachusetts, is a software-as-a-service provider of business process solutions in the retail energy industry. The company providers SaaS tools for transaction management, […]
Tailwind Capital is bulking up its healthcare roster, hiring Change Healthcare M&A head Dan Bise as a managing director, according to a person familiar with the matter. Bise, poised to start at Tailwind later this year, will focus on healthcare, the person said. The move marks a return to private equity investing after about four-and-a-half […]
Warburg Pincus is looking for a buyer for RS Energy Group, a provider of analytics and data-driven energy intelligence, people familiar with the process told Buyouts. The sale process is in the early stages, and it’s unclear when first-round bids are due, the people said. Credit Suisse is advising the company on the sale, they […]
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